The Federal Government on Tues 22.10.2013, announced the commencement of its National Commission of Audit. The Commission will assess the role and scope of Government, as well as ensuring taxpayers’ money is spent wisely and in an efficient manner.
The Commission’s work will feed into the Government’s work on the division of responsibilities between Local, State and Federal Governments. Over coming months the Commission may hold public and private hearings, receive submissions from stakeholders including the public, and directly liaise with Government Departments. All Departments of the Government have been asked to fully cooperate with the Commission.
The Treasurer said the Commission has a broad remit to examine the scope for efficiency and productivity improvements across all areas of Commonwealth expenditure, and to make recommendations to achieve savings sufficient to deliver a surplus of 1% of GDP prior to 2023-24.
The Commission of Audit will provide an initial report to the Government before the end of January 2014 with the final report forming part of the 2014-15 Budget process.
The Government has appointed Mr Tony Shepherd AO to chair the Commission.
Source: Treasurer’s release, 22 October 2013
[LTN 205, 23/20/13]